Another increase in manufacturing multifactor productivity
August 30, 2002
Multifactor productivity—measured as output per unit of combined inputs—rose by 1.9 percent in manufacturing in 2000. This was down somewhat from the 2.6-percent increase in 1999.
The multifactor productivity gain in 2000 was the result of a 2.5-percent advance in manufacturing output less a 0.7-percent increase in combined inputs. Growth in both output and combined inputs was the slowest since declines in 1991.
Inputs of materials rose 0.9 percent in 2000, the slowest growth since 1987. Capital services continued to grow rapidly, posting a 3.8-percent advance. Hours at work declined for the third year in a row, falling 1.4 percent, the largest decline in factory hours since 1991.
Multifactor productivity is designed to measure the joint influences on economic growth of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors. Multifactor productivity, therefore, differs from the labor productivity (output per hour) measures that are published quarterly by BLS since it requires information on capital services and other data that are not available on a quarterly basis.
These data are a product of the BLS Multifactor Productivity program. Data are subject to revision. Additional information is available in "Multifactor Productivity Trends in Manufacturing, 2000," news release USDL 02-499.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Another increase in manufacturing multifactor productivity on the Internet at https://www.bls.gov/opub/ted/2002/aug/wk4/art05.htm (visited January 16, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.